Note 8 - Disclosures about Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

3/31/2013
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	84	$	-	$	-	$	84
Debt securities:
U.S. government agencies		-		41,980		-		41,980
Municipals		-		10,256		-		10,256
Corporate Bonds		-		2,909		-		2,909
Government sponsored mortgage-backed securities		-		52,207		-		52,207
Available-for-sale securities	$	84	$	107,352	$	-	$	107,436

12/31/2012
Financial assets:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Equity securities	$	71	$	-	$	-	$	71
Debt securities:
U.S. government agencies		-		38,351		-		38,351
Municipals		-		10,378		-		10,378
Corporate Bonds		-		1,908		-		1,908
Government sponsored mortgage-backed securities		-		51,273		-		51,273
Available-for-sale securities	$	71	$	101,910	$	-	$	101,981

Fair Value Measurements, Nonrecurring [Table Text Block]

Impaired loans:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2013	$	-	$	-	$	8,888	$	8,888
December 31, 2012	$	-	$	-	$	10,557	$	10,557

Foreclosed assets held for sale:
	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
March 31, 2013	$	-	$	-	$	23	$	23
December 31, 2012	$	-	$	-	$	3,883	$	3,883

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Fair Value March 31, 2013		Valuation Technique	Unobservable Input	Range (Weighted Average)
Impaired loans (collateral dependent)	$	7,367	Market Comparable	Discount to reflect realizable value	0%	-	100%	(8%)
Impaired loans	$	1,521	Discounted cash flow	Discount rate		0%		(0%)
Foreclosed assets held for sale	$	23	Market Comparable	Discount to reflect realizable value	0%	-	68%	(31%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	March 31, 2013
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	42,694,971	$	42,694,971		1
Held-to-maturity securities		136,350		140,447		2
Federal Home Loan Bank stock		3,133,600		3,133,600		2
Mortgage loans held for sale		1,314,333		1,314,333		2
Loans, net		451,892,450		466,449,679		3
Interest receivable		1,925,991		1,925,991		2
Financial liabilities:
Deposits		503,644,217		500,314,025		2
Federal Home Loan Bank advances		52,950,000		56,347,719		2
Securities sold under agreements to repurchase		25,000,000		25,120,201		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		347,804		347,804		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-

	December 31, 2012
	Carrying Amount		Fair Value		Hierarchy Level
Financial assets:
Cash and cash equivalents	$	41,663,405	$	41,663,405		1
Held-to-maturity securities		181,042		193,482		2
Federal Home Loan Bank stock		3,805,500		3,805,500		2
Mortgage loans held for sale		2,843,757		2,843,757		2
Loans, net		465,531,973		475,374,676		3
Interest receivable		2,055,369		2,055,369		2
Financial liabilities:
Deposits		500,014,715		500,580,070		2
Federal Home Loan Bank advances		68,050,000		72,035,160		2
Securities sold under agreements to repurchase		25,000,000		25,114,464		2
Subordinated debentures		15,465,000		15,465,000		3
Interest payable		399,684		399,684		2
Unrecognized financial instruments (net of contractual value):
Commitments to extend credit		-		-		-
Unused lines of credit		-		-		-